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Ozempic-maker Novo Nordisk to cut 9,000 jobs
The maker of Wegovy and Ozempic, Novo Nordisk, has announced it will cut 9,000 jobs weeks after warning that profits will fall as more “knock-off” weight-loss drugs emerge. The redundancies make up 11% of the Danish company’s workforce and mark the first major step by new chief executive Mike Doustdar as Novo Nordisk faces mounting…
Portsmouth Water installs huge wall at Havant Thicket reservoir
A major engineering milestone has been reached on what is set to become the UK’s first new reservoir in more than three decades. Portsmouth Water said teams at Havant Thicket Reservoir installed a 20‑tonne steel cut‑off wall during a continuous 72‑hour operation at the start of the year. The wall, which is 13m (43ft) high…
Labubu toy manufacturer exploited workers, labour group claims
A labour rights organisation claims it has found evidence of worker exploitation in a Chinese factory that makes the viral Labubu dolls. China Labor Watch (CLW), a US-based non-governmental organisation, alleges that its investigation found that one of Pop Mart’s suppliers made employees work excessive overtime shifts, sign blank or incomplete contracts and did not…
Betfred says all its shops may close if Reeves hikes gambling tax
All 1,287 Betfred shops could disappear from the UK High Street if Chancellor Rachel Reeves hikes taxes on gambling firms, the company’s co-founder and chairman has told the BBC. Fred Done, who set up Betfred in 1967 with his brother, said a closure of that size would put 7,500 jobs at risk. The billionaire businessman…
Bodycare to shut remaining stores with loss of 444 jobs
All remaining Bodycare stores are to close with the loss of 444 jobs after the health and beauty chain’s administrators failed to find a buyer for the shops. The business, which fell into administration earlier this month, was “no longer viable to continue” trading because of “the shortage of stock and significant costs” associated with…
